Guideline Value for Mariamman Koil Street

Mariamman Koil Street guideline value

The current guideline value of Mariamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Tharapakkam village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Mariamman Koil Street has changed

The guideline value of Mariamman Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 5,000 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is the same as that of Mariamman Koil Street.

• Masilamani Garden: Rs 880 per sq.ft (2024)
• Mettu Street: Rs 880 per sq.ft (2024)
• M.G.R. Street: Rs 880 per sq.ft (2024)
• Madha Koil Street: Rs 880 per sq.ft (2024)
• Lurudhu Ammal Nagar: Rs 1,100 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman Koil Street?

The Sub Registrar Office that covers Mariamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Tharapakkam

The guideline value is an essential factor when buying or selling property in Tharapakkam. It is used to determine the stamp duty and registration fees that need to be paid during the property registration process.

Frequently asked questions

What is the current guideline value of Mariamman Koil Street?

The current guideline value of Mariamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification of Mariamman Koil Street?

Mariamman Koil Street is classified as Residential Class I Type - I.

Which office handles the registration for properties in Mariamman Koil Street?

The Pammal Sub Registrar Office handles the registration for properties in Mariamman Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Tharapakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a property valued at Rs 11,00,000 would be Rs 77,000 at a rate of 7%.